Ximen Mining Corp. - Corporate Update
Vancouver, British Columbia (FSCwire) - Ximen Mining Corp. (the “Company”), announces it has granted 1,000,000 stock options at an exercise price of five cents. The options are exercisable for five years and will be cancelled 30 days after cessation of acting as director, officer, employee or consultant of the Company.
The Company also amends its news release dated December 21, 2015 in relation to the closing of the 1st tranche of the Company’s secured convertible debenture financing as follows:
The convertible debentures shall bear an interest rate of 10% per annum, calculated annually and not in advance. Interest shall be due and payable on the earlier of the maturity date and the date that the Company may at its discretion redeem the convertible debentures and are not payable annually in units of the Company at the unit price and warrant exercise price determined as at the date of announcement of settlement of the interest accrued to such announcement date.
Any common shares issuable pursuant to the conversion of the convertible debentures into units or pursuant to the exercise of share purchase warrants comprising the units in part shall be subject to a statutory hold period expiring on April 22, 2015.
On behalf of the Board of Directors,
“Christopher R. Anderson”
Christopher R. Anderson, President, CEO and Director
Ximen Mining Corp. 604 488-3900
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state in the United States in which such offer, solicitation or sale would be unlawful. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/XimenDec2220115.pdf
Source: Ximen Mining Corp. (TSX Venture:XIM) http://ximenminingcorp.com/
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